ETF tracking | 2x long etf surges over 40%! Tesla has its "best week performance in 11 years"

On Thursday, October 24, the main US stock indexes showed divergent performances,$S&P 500 Index (.SPX.US)$closing up 12.44 points, an increase of 0.21%, at 5,809.86 points; the Dow Jones fell 140.59 points, a decrease of 0.33%, to 42,374.36 points; $Nasdaq Composite Index (.IXIC.US)$ closing up 138.83 points, an increase of 0.76%, at 18,415.49 points, the Nasdaq 100 index rose by 0.83%.

The Nasdaq technology market capitalization-weighted index, which measures the performance of Nasdaq 100 technology stocks, rose by 0.3%. At the same time, the Russell 2000 small-cap stock index, reflecting market performance of small caps, rose by 0.23%. The VIX fear index fell by 0.83% to 19.08, indicating a slight improvement in market sentiment.

标普500指数在盘中一度上涨近0.4%，成功止住三日连跌的趋势。特斯拉股价大幅上涨近22%，成为推动$Nasdaq Composite Index (.IXIC.US)$及可选消费板块上涨的主要力量，纳指盘中最高涨幅超过0.8%，可选消费板块上涨3.2%，而原材料、公用事业和工业板块则相对疲软。

美股ETF升幅榜Top5

ETF表现方面，受 $Tesla (TSLA.US)$ 强劲业绩提振，做多正股的$T-Rex 2x Long Tesla Daily Target ETF (TSLT.US)$ 、 $Direxion Daily TSLA Bull 2X Shares (TSLL.US)$ 、 $GraniteShares 2x Long TSLA Daily ETF (TSLR.US)$ 单日涨幅均超40%，成交额合计超2 billion美元；$Tradr 1.5X Long TSLA Weekly ETF (TSLW.US)$、 $GraniteShares 1.25x Long TSLA Daily ETF (TSL.US)$ Single-day increases of 33.10% and 26.96% respectively.

Piper Sandler analyst Alexander Potter gave a buy rating to Tesla, with a target price exceeding even Ives, reaching $310.This implies that the stock price is expected to rise by 45% from Wednesday's closing price. Potter commented that Tesla's third-quarter report "performed well in almost all aspects unexpectedly", suggesting there is "upside potential" even if the company's own expectations seem optimistic.

On the other hand,Analyst Ryan Brinkman from JP Morgan Chase pointed out that while investors may be excited about Tesla's extraordinary profit growth, the catalysts driving this surge in stock price should not be seen as long-term growth factors.He advised that investors not place too much emphasis on the stock's "explosive rise" immediately after Tesla's financial report, believing that the market trends generated by the performance report are "unsustainable".Performance report-driven market trends are "unsustainable".。

Top 5 losers on the US stock ETF list

Regarding the ETF losers list, Tesla inverse ETF$T-Rex 2x Inverse Tesla Daily Target ETF (TSLZ.US)$ 、 $Tradr 2X Short TSLA Daily ETF (TSLQ.US)$ 、 $GraniteShares 2x Short TSLA Daily ETF (TSDD.US)$falling over 40%;

$Direxion Daily TSLA Bear 1X Shares (TSLS.US)$falling 21.88%;

$T-Rex 2X Inverse MSTR Daily Target ETF (MSTZ.US)$ Fell by 19.11%;

Top 5 gainers of the US large cap index ETF

$ProShares UltraPro QQQ ETF (TQQQ.US)$ Rose by 2.38% in a single day, with a turnover of 2.876 billion US dollars;

$Proshares Ultra QQQ ETF (QLD.US)$ Rose by 1.6% in a single day, with a turnover exceeding 0.136 billion US dollars;

$ProShares UltraPro Short Dow30 ETF (SDOW.US)$ Rose by 0.93% in a single day, with a turnover of 0.218 billion US dollars;

$ProShares Short VIX Short-Term Futures ETF (SVXY.US)$ Rose by 0.88% in a single day, with a turnover of 35.5563 million US dollars;

$Invesco QQQ Trust (QQQ.US)$ Rose by 0.81% in a single day, with a turnover of 10.828 billion US dollars.

Top 5 gainers of the industry ETF

$United States Natural Gas (UNG.US)$ Up 3.62%, with a turnover of $0.121 billion;

$Consumer Discretionary Select Sector SPDR Fund (XLY.US)$ Up 3.15%, with a turnover of $0.697 billion;

$ProShares UltraShort Materials (SMN.US)$ Up 2.68%, with a turnover of $0.0571 million;

$Ishares U.S. Consumer Services Etf (IYC.US)$ Up 1.65%, with a turnover of $4.8853 million;

$Direxion Daily Semiconductor Bull 3x Shares ETF (SOXL.US)$ Up 1.45%, with a turnover of $2.058 billion

Top 5 performers in the bond etf sector

$Direxion Daily 20+ Year Treasury Bull 3X Shares ETF (TMF.US)$ Up 1.78%, with a turnover of $0.543 billion

$Proshares Trust Proshares Ultra 20+Yr Treasury (UBT.US)$ Up 1.27%, with a turnover of $3.2936 million;

$S&P/Citi Intl Treasury Bond Ishares (IGOV.US)$ Rose by 0.93%, with a turnover of 0.885 million US dollars;

$SPDR Bloomberg Barclays Short Term International Treasury Bond ETF (BWZ.US)$ Rose by 0.74%, with a turnover of 0.2323 million US dollars

$Ishares International High Yield Bond Etf (EUHY.US)$ Rose by 0.68%, with a turnover of 0.1715 million US dollars.

Hot ETFs and hot events

As Trump's support in swing states rises, the market begins to reassess the potential economic policy impact of his election, with key industries and related ETFs attracting attention.

Financial industryTrump's tax cuts and deregulation promises may benefit the financial industry. $Financial Select Sector SPDR Fund (XLF.US)$ Covering large financial companies such as JP Morgan Chase and Berkshire Hathaway.

energy industryTrump's policy to promote US energy independence may support the traditional energy industry. $Energy Select Sector SPDR Fund (XLE.US)$$Exxon Mobil (XOM.US)$And$Chevron (CVX.US)$etc. giants.

industrial and infrastructureTrump's promised large-scale infrastructure investment is expected to boost industrial enterprises. $Industrial Select Sector SPDR Fund (XLI.US)$ including United Technologies Corporation and$Caterpillar (CAT.US)$and other companies.

US dollar trend: Strong trade policies may drive the appreciation of the US dollar, with related ETFs including $Powershares Exchange Traded Fd Tst Db Us Dollar Index Bullish Fund Etf (UUP.US)$ 。

Bond Market: Trump's fiscal spending may push up inflation, affecting long-term bonds. Related ETFs include $iShares 20+ Year Treasury Bond ETF (TLT.US)$ 。

bitcoin: In times of economic uncertainty, bitcoin becomes a hedge tool. $ProShares Bitcoin ETF (BITO.US)$ Track bitcoin prices.

Small cap stocks： $iShares Russell 2000 ETF (IWM.US)$ Provide extensive tracking exposure to small cap stocks sensitive to policy changes.

Editor/Danial

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